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As much as I enjoy academia bashing, there are bounties there too. They might not take the form of cash but there are people who'd work tirelessly to be recognised for correcting a particular misconception. And there are other bounties too.
I agree, but I think (a) they don’t operate as efficiently as a literal market, which is what VC is, and (b) they vary widely by field, which essentially accounts for what we call “rigor” (less confident on that point)
I don't think rigour is the most important - it's caring about what the truth is that matters. If a community cares about that then people can advance in it by devoting their efforts to that. If instead a community cares about something else things tend to degenerate.
"If a community cares about that then people can advance in it by devoting their efforts to that." → But that community still needs to know what genuine truth-seeking looks like, which is easier when there is some actual gold to mine...you either come home with gold, or not.
To give a business example: when was it first realised a woman, teenager, non-aristocrat, etc. could successfully run a company? I am sure it was long ago but I am also sure the error persisted for a long time despite the bounties that were as real as they are now.
Within that system, you can see how stunting overall pie growth maintains your own slice...but you should expect societies that don't do that to eventually beat you, which they do. They can even beat you incrementally, just by allowing *some* non-elite to secretly run businesses
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